May 2009 - Page 12 of 23

FridayMay 15, 2009 8:58 am

The UpTurn, Inc. (UPTR.PK) Leverages High Powered Talent to Break New Ground

The UpTurn, Inc. is probably not a company you’ve heard of as frequently as Twitter, and that’s a good thing. It just recently became a publicly traded stock, and is already being compared to MySpace, Facebook, and other highly successful social networking sites. The company’s founder, Jeff Eckman, a graduate of MIT’s Sloane Business School, is looking to put together what could also be described as the next eBay. TheUpturn.com will bring together a huge number of buyers, sellers, and everyone in between. It will represent a sophisticated amalgam of social networking and marketplace technology, all dedicated to the biggest…

FridayMay 15, 2009 8:53 am

MyECheck Inc. Announces First Quarter 2009 Results

MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce its First Quarter 2009 financial results for the period of January 1, 2009 to March 31, 2009. Revenues recorded for the first quarter were $163,751 compared to $58,913 for the same period in 2008. The Company processed over $27.5 million for the three months ending March 31, 2009 compared to $7 million for the same period in 2008; an increase of over 394%. The Net Loss from Operations in Q1 2009 was $114,074 compared to $264,365 for 2008, a substantial drop as…

FridayMay 15, 2009 6:38 am

Macquarie Infrastructure Company’s (MIC) Airport Services Business

Macquarie Infrastructure Company’s airport services business, Atlantic Aviation, generates the majority of the company’s gross profit. The division operates 72 fixed base operations (FBOs) on leased land at 68 airports throughout the United States and one heliport in New York City. This network is recognized as the largest in the industry in the U.S. by number of sites. Atlantic Aviation primarily serves the corporate and private jet segment of the general aviation industry. The business’s services include terminal operations, refueling, de-icing, aircraft parking and hangarage. Atlantic Aviation is committed to providing the safest and most secure environment for business, commercial…

FridayMay 15, 2009 6:15 am

General Automotive Co. (GNAU.OB) Recognizes Increase in Operating Margins, Significantly Reduces Net Loss

Today, General Automotive Company, a North American provider of aftermarket parts and advanced technology for the automotive industry, announced its financial results for the first quarter ended March 31, 2009. The company recognized year-over-year improvements in most profitability metrics in the first quarter. Gross margin improved 5.5 percentage points to 14.0% of revenue in the first quarter from 8.5% of revenue in the same quarter last year due to increased efficiencies in purchasing practices and product sourcing at its OE Source business. Operating expenses were also reduced, lowering total expenses to $501,800 from $589,600. As a result of improved gross…

FridayMay 15, 2009 6:08 am

QuoteMedia, Inc. (QMCI.OB) Announces First Quarter Results

QuoteMedia, Inc., a leading software developer and syndicator of financial market information and streaming financial data solutions, today reported its financial results for the three months ended March 31, 2009. According to the press release, first quarter revenues increased 13% to $1,910,824 from $1,687,675 in the comparative period in 2008. “As expected, global economic challenges, including a severe downturn in the financial services sector, had an impact on QuoteMedia's revenue growth during the first quarter of 2009, as a small portion of our clients who are struggling or ceasing operations have had to reduce or discontinue our services,” stated Keith…

FridayMay 15, 2009 5:51 am

DAC Technologies Group International, Inc. (DAAT.OB) Reports First Quarter Financial Results

DAC Technologies announced its financial results for the quarter ending March 31, 2009. The company reported net sales of $3,533,456 for the quarter, a 30% increase compared to the $2,715,769 reported for the same period in 2008. Income from operations totaled $347,858 as compared to $131,512 for the same period in 2008. This represents an increase of $216,346, or 165%. Net income for the first quarter of this year totaled $184,299, a 339% increase over the $41,974 reported for the same period in 2008. David A. Collins, Chairman and CEO, commented, "The Company is finally beginning to benefit from lower…

FridayMay 15, 2009 5:10 am

BioMedical Technology Solutions Holdings, Inc. (BMTL.OB) Signs Multinational Agreement with Novismed Corporation for the Distribution of the Demolizer® II System

BioMedical Technology Solutions Holdings, Inc., the maker of the patented Demolizer® Technology that converts infectious biomedical waste into non-infectious material, recently announced the signing of a multinational distribution partnership with Novismed Corporation for the international sale and distribution of the Demolizer II® System in Central and Latin America and the Caribbean. The Demolizer® II System is an environmentally friendly alternative to biomedical waste disposal. The device is the only patented, portable and self-contained system able to process both sharps and typical red bag biomedical waste onsite. Novismed Corporation, located in Miami, Florida, has established long-term seasoned partnerships with key distributors…

ThursdayMay 14, 2009 12:06 pm

TeamStaff, Inc. (TSTF) Enters Staffing Agreement With Prominent Healthcare Services Network

TeamStaff, Inc., a national provider of healthcare, logistics and administrative staffing services, announced earlier today that its travel nurse and allied healthcare staffing division, TeamStaff Rx, Inc., has entered into an agreement with one of the nation's largest healthcare services networks devoted exclusively to cancer treatment and research. Under the terms of the agreement, TeamStaff Rx will join a select number of companies to provide temporary healthcare professionals. TeamStaff's President and CEO, Rick Filippelli, commented, "This provides TeamStaff Rx with an enormous opportunity as well as a competitive advantage in growing our business and in taking a large step forward…

ThursdayMay 14, 2009 11:44 am

Waytronx Inc. (WYNX.OB) Inks Worldwide Licensing Deal with AnderMotion Technologies

Waytronx Inc. (WYNX.OB) is a leading provider of thermal management solutions for the semiconductor, solar and electronic packaging industries. Waytronx and its subsidiary CUI Inc., a provider of electrochemical components and industrial controls, have established a long standing relationship with AnderMotion Technologies LLC (AMT) in the quest to seek out and capitalize on innovative technologies. Waytronx today announced it has signed a worldwide licensing and royalty agreement with AnderMotion, which will give the company exclusive rights for the AMT encoder device. CUI is currently distributing the award-winning AMT, and the companies say the agreement reflects previous collaboration between Waytronx and…

ThursdayMay 14, 2009 11:42 am

EV Innovations, Inc. (EVII.OB) Ramps Up Distributors

EV Innovations, Inc., encouraged by the overwhelming amount of recognition received at the recent New York International Auto Show, is aggressively seeking distributors around the country for its line of electric vehicles. The show prompted EVI to kick off a nationwide television campaign, expected to total over 30,000 television spots. But all the exposure has made it imperative to ramp up the drive for distributors. EVI is now certainly one of the most visible companies offering electric cars, with a full range of lithium ion powered vehicles and conversions, in addition to electric motorcycles, mopeds, and even a recreational sports…

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Month: May 2009